The Consumer Financial Protection Bureau wants to ban foreclosures until 2022, according to a recent proposal. The agency’s notice of proposed rulemaking would amend Regulation X to institute a pre-foreclosure review period that would generally prohibit servicers from starting foreclosure until after December 31, 2021.
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Over the past two years, the Consumer Financial Protection Bureau received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties.
The Consumer Financial Protection Bureau formally delayed the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.
The Consumer Financial Protection Bureau issued an interim final rule in support of the eviction moratorium instituted by the Centers for Disease Control and Prevention.
The Consumer Financial Protection Bureau has filed a complaint against online debt-settlement company SettleIt, Inc., over alleged abusive acts or practices.
The Consumer Financial Protection Bureau is likely to take an aggressive approach to payday lending, according to a blog post from Acting Director Dave Uejio.